Selected Account definition
Examples of Selected Account in a sentence
On and after the Removal Commencement Date with respect to a Randomly Selected Account, GMAC shall not transfer Receivables with respect to such Randomly Selected Account to the Purchaser.
If at any time an Account shall be deemed a Randomly Selected Account as described in Section 2.9 of the Trust Sale and Servicing Agreement, the Purchaser shall give notice thereof to GMAC at the time it gives notice to the parties identified in such Section 2.9. From and after the Removal Commencement Date with respect to a Randomly Selected Account pursuant to such Section 2.9, GMAC shall not transfer Receivables with respect to such Randomly Selected Account to the Purchaser.
If at any time an Account shall be deemed a Selected Account as described in Section 2.9 of the Trust Sale and Servicing Agreement, the Purchaser shall give notice thereof to the Original Seller at the time it gives notice to the parties identified in such Section 2.9. From and after the Removal Commencement Date with respect to a Selected Account pursuant to such Section 2.9, the Original Seller shall not transfer Receivables with respect to such Selected Account to the Purchaser.
On and after the Removal Commencement Date with respect to a Selected Account, GMAC shall not transfer Receivables with respect to such Selected Account to the Purchaser.
On and after the Removal Commencement Date with respect to a Selected Account, the Original Seller shall not transfer Receivables with respect to such Selected Account to the Purchaser.
If at any time an Account shall be deemed a Selected Account as described in Section 2.9 of the Trust Sale and Servicing Agreement, the Purchaser shall give notice thereof to GMAC at the time it gives notice to the parties identified in such Section 2.9. From and after the Removal Commencement Date with respect to a Selected Account pursuant to such Section 2.9, GMAC shall not transfer Receivables with respect to such Selected Account to the Purchaser.
On and after the Removal Commencement Date with respect to a Randomly Selected Account, the Seller shall not transfer Receivables with respect to such Randomly Selected Account to the Purchaser.
Within five Business Days after the Removal Commencement Date with respect to any Account that became a Randomly Selected Account pursuant to this Section 2.9, the Depositor shall furnish a Removal Notice to the Owner Trustee stating that the Removal Commencement Date for such Ineligible Account has occurred and specifying for each such Randomly Selected Account as of the Removal Commencement Date its account number and the Removal Balance.
If at any time an Account shall be deemed a Selected Account as described in Section 2.9 of the Trust Sale and Servicing Agreement, the Purchaser shall give notice thereof to the Seller at the time it gives notice to the parties identified in such Section 2.9. From and after the Removal Commencement Date with respect to a deemed Selected Account pursuant to such Section 2.9, the Seller shall not transfer Receivables with respect to such deemed Selected Account to the Purchaser.
Fees and charges not paid within ten days of demand shall bear interest at the Advance Rate described on the reverse side and may be charged to the Selected Account described on the reverse side or any other deposit account of the Applicant with the Bank.